Global Markets Advisory Committee

Meeting of the CFTC’s Global Markets Advisory Committee
Three Lafayette Centre
1155 21st Street, NW
Washington, DC 20581

May 21, 2014 – 10:00 a.m. - 3:40 p.m.

10:00 a.m.

Open Meeting

  • Ted Serafini, GMAC Designated Federal Official

10:00 a.m. to 10:15 a.m.

Opening Remarks

  • Acting Chairman Mark P. Wetjen
  • Commissioner Scott D. O’Malia

10:15 a.m. to 12:00 p.m.

Panel I: The first panel will discuss issues related to the regulatory treatment of foreign-based swap clearinghouses that the CFTC finds are subject to comparable, comprehensive supervision and regulation by the appropriate government authorities in the home countries of such clearinghouses. The panelists will provide brief presentations on the issue before moving onto a broader discussion with GMAC members.

Panelists:

  • Phyllis Dietz, Deputy Director for Clearing Policy, Division of Clearing and Risk, U.S. Commodity Futures Trading Commission
  • Jun Mizuguchi, Assistant Commissioner for International Affairs, Japan Financial Services Agency
  • David Bailey, Head of Department, Market Infrastructure & Policy, U.K. Financial Conduct Authority

Open Discussion

12:00 p.m. to 1:30 p.m.

Break

1:30 p.m. to 3:30 p.m.

Panel II: The second panel will discuss issues related to the regulatory treatment of swap execution facilities that the CFTC finds are subject to comparable, comprehensive supervision and regulation by the appropriate government authorities in the home countries of such facilities. The panelists will provide brief presentations on the issue before moving onto a broader discussion with GMAC members.

Panelists:

  • David Van Wagner, Chief Counsel, Division of Market Oversight, U.S. Commodity Futures Trading Commission
  • Riva Spear Adriance, Senior Special Counsel, Division of Market Oversight, U.S. Commodity Futures Trading Commission
  • Jun Mizuguchi, Assistant Commissioner for International Affairs, Japan Financial Services Agency
  • David Bailey, Head of Department, Market Infrastructure & Policy, U.K. Financial Conduct Authority

Open Discussion

3:30 p.m. to 3:40 p.m.

Closing Remarks

  • Acting Chairman Mark Wetjen, Sponsor, GMAC

3:40 p.m.

Close Meeting

  • Ted Serafini, GMAC Designated Federal Official